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is on taxes. so we ask again, what now? steven moore, steven moore writes for "the wall journal," also on the editorial board. welcome to you. >> hi, brooke. >> the way speaker boehner seemed to put it, if we heard it correctly, it is up to the democrats. the president, the senate democrats, to craft this tax and spending plan, i should say, that can please the house republicans or we're off the cliff. >> well, you know, the amazing thing about this whole debate going on now five or six weeks since the election was held in early november, the most amazing thing, here we are on what, december 21st and no close torrer to resolution. you raised an important point, brooke, that the house and senate are basically adjourned. they're gone until after christmas. and that leaves us, what, four or five days to settle this. >> ticking, right? right? >> so -- pardon me? >> time is ticking away. >> right, the clock is ticking and they don't get back until december 26th, december 27th. here is my prediction to you, brooke. i think they'll come to resolution on december 31. maybe a few hours before t
, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the debt level was about $2.5 trillion. now we are at 16.2 trillion. by the way every president goods back to dwight eisenhower has promised that they will balance the budget and the debt keeps getting bigger and bigger. the real tragedy is that over the last five years the debt has increased by almost $6 trillion. that is more money than was borrowed from 1776 through the year 1976. bill: that's ridiculous. >> it is a tragic situation. bill: what is the danger in this economically speaking for us. >> the danger is two fold. one is if you look at the budget right now and we continue on this pace of borrowing we are expected to do, trillion dollar deficits for as far as the eye can see we are looking at somewhere in the neighborhood of a trillion dollars each year bill in only ser
. looks like we may go into january without a deal. >> stephen moore saying we're going off the cliff. we've got new details on the plan, the president's scaled-down proposal. here's what's on the table. extend the current tax rates for 98% of americans, incomes up to $250,000. extend unemployment benefits, that's an important point. not being talked about enough. extending the alternative minimum tax patch. prevents cuts in payments to doctors who treatment medicare payments. -- patients. would this scaled-down proposal save us from economic disaster? >> we've done a tremendous amount of damage to ourselves, embarrassing ourselves around the world. we're assuring investors we're as risky as standard & poor's thought we were when they reduced our credit rating. it would be great if we could avoid sharp credit risks. restoring the unemployment insurance benefits is really important because you have millions of people who are depending on this for income. and they're going to spend that money if you give it to them and that's what the economy needs. >> absolutely right. >> wait, hold on. le
on apparently the fiscal cliff negotiations. we'll get in depth on that with steve moore ahead. all these politics play out in washington, d.c. what about your money? we'll have that next on "happening now." you know that little 50-pound thingy at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. simple. effective. take that, 50 pound thingy. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. jenna: there is breaking news. want to bring you back to the markets now. as they failed attempt at avoiding fiscal cliff sent stocks down. we're right around near the lows of session for the dow jones industrial average. there is a quick look at that we'll keep an eye on the markets. very volatile this time of year. significant that we're at this point now. also breaking this morning, house speaker john boehner is wrapping up remarks a short time a
" political editor. our guest is steven moore with "the wall street journal" leek then a look back at the columbine shooting. with the author of "columbine". >> if you work for them you would get a sometimes generous, sometimes overbearing, sometimes almost cruel boss. he didn't know how to apologize. which men of his age and class, they are not going to apologize to a young private secretary typist and he had a way of, sort of turning the tables and his version of an apology would be to say i'm a kind man and you are doing a good job today. but the issue was never settled. he always had to get the last word in. one night going through white hall a german bomb fell nearby and he should not have been out at all. his bodyguard pushed him into a doorway and a couple of his men were slightly wounded. churchill did not like to be touched. he said thompson, don't doe that. he said you should not be out here. he said i'm only doing this because i know you love to. reid was chosen to complete the final volume of the third voolyume of "churchill's last lion" sunday night on c-span's q&a. >>
liver moore and this was precell phone day. remember the pagers? and i paged lowell wood. he was in washington and he -- within an hour he was sitting in my office. electromagnetic pulse. we have only one brief experience with it in our country. and that was in 1962 and johnston island, the only time we ever debt nailted a weapon above the atmosphere. we had no idea what would happen. it produced an electromagnetic pulse because a lot of disturbances in hawaii which is about 800 miles away. the soviets had a lot more experience than we. they actually developed -- we designed them but never built them, enhanced e.m.p. weapons. a single large nuclear -- i shouldn't say that. because it doesn't have to be a large bomb. because it could be a relatively small bomb that's e.m.p.-enhanced. a single appropriately bomb detonated three miles high over nebraska or iowa would prank et our whole country and -- blanket our whole country and if the e.m.p. lay down was robust enough, it would essentially fry all of our microelectronics. the grid would be down for a year or more. and your car
with stephen dinan. our guest is stephen moore with "the wall street journal." then a look back at columbine shootings with david cullen. "washington journal" is live at 7:00 a.m. eastern here on c- span. >> as president obama begins his second term, what are the most important issues to consider in 2013? tell us. >> kagel you are in grade 6-12, make a video about what you would like to say to the president. >> get your chance to win the grand prize of $5,000. the deadline is january 18. for more information, go to studentcam.org. >> today, president obama nominated senior massachusetts senator john kerry for secretary of state. he is a vietnam war veteran and chairman of the senate foreign lakers -- senate foreign relations committee. this is just under 10 minutes. >> good afternoon, everyone. you know, when i took office, our nation was engaged in two wars and al qaida was entrenched in their safe havens. many of our alliances were frayed and america's standing in the world had suffered. over the past four years, we've begun a new era of american leadership. we ended the war in iraq. we pu
Search Results 0 to 8 of about 9 (some duplicates have been removed)